Star Tech Auto, offered by Star Tech Federal Credit Union, provides convenient auto loan options whether you’re buying from a Colorado dealership, a private party, or an out-of-state dealership. This guide outlines the process for each scenario, including pre-approval and refinancing options.
Getting Your Auto Loan at a Colorado Dealership
With Star Tech Auto, securing a car loan at a Colorado dealership is simple. You can get pre-approved online through CU Direct Connect and receive a Loan Approval Certificate via email. This certificate specifies your approved loan amount and locks in your qualified interest rate. Alternatively, you can apply for financing directly at the dealership. Your salesperson will guide you through the application process and inform you about your eligible interest rate. All loan documents and vehicle registration forms are handled on-site.
Buying from a Private Party or Out-of-State Dealership?
Star Tech Auto also caters to car purchases from private sellers or out-of-state dealerships. Get pre-approved online through the Star Tech FCU loan application. For private party purchases, the seller should provide a 30-day loan payoff from their financial institution. If buying from an out-of-state dealership, provide the salesperson with your Letter of Credit received during pre-approval, authorizing them to send the purchase order to Star Tech FCU.
Auto Loan Refinancing with Star Tech Auto
Refinance your existing auto loan with Star Tech Auto and receive a $300 cash bonus. This offer includes a 1.50% APR reduction and a 90-day grace period for your first payment. Eligibility requirements include a minimum loan balance of $15,000, a floor rate of 3.00% APR, and ineligibility for current Star Tech FCU loans.
Conclusion
Star Tech Auto provides flexible and convenient auto financing solutions for various purchasing scenarios. Whether you are buying from a Colorado dealership, private seller, or out-of-state dealership, or looking to refinance your current auto loan, Star Tech Auto offers competitive rates and streamlined processes. Contact Star Tech FCU to learn more about how they can help you finance your next vehicle.
